RadioShack may pay cash for your unredeemed gift cards

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

FORT WORTH, Texas —  You might get cash in exchange for unredeemed gift cards for RadioShack.

The electronics store reached a possible agreement in a lawsuit that would set up a $500,000 account to reimburse gift card holders.

About $46 million worth of gift cards are still not redeemed.

Customers would have one year to fill out a form to claim their money.

Customers would have a year to claim their money.

The plan still needs court approval.

All of the company’s 4,000 stores will eventually close. The electronics store filed for bankruptcy earlier this year.